September 30, 2015
Glenn Alonzo, Senior Vice President and Hospitals and Healthcare Market Leader with Sibson Consulting, made the following comment regarding a recent article from Modern Healthcare magazine titled, “Longer lives, falling rates put pressure on hospital pension plans.”
“In the face of near-zero interest rates and improved longevity as demonstrated by recently published Society of Actuaries mortality tables, managers of hospital pension plans face stiff challenges in ensuring a comfortable retirement for their employees. In Sibson’s experience, we have seen these managers pursue de-risking strategies such as lump-sum windows and qualified longevity annuity contracts, as well as dynamic asset allocation strategies. Each plan is unique and managers seeking to alleviate these pressures should examine all options in order to determine the strategy most suitable to their situation.”
To speak with Mr. Alonzo, please contact Todd Kohlhepp.